Turkey’s manufacturing PMI fell to 47.9 as weaker DemandHow much buyers want at a given price. Stronger demand can make buyers compete with higher offers.Read More weighed on factory activity. The decline indicates continued contraction in the manufacturing sector, with regional conflict and economic uncertainty affecting business conditions.
Turkey's manufacturing PMI fell to 47.9 in September from 48.1 in August, S&P Global data showed, extending the sector's contraction as new orders and output weakened. Reuters reported that manufacturers cited the continuing Middle East war among the factors weighing on business conditions. A PMI reading below 50 indicates contraction, making September another month of deteriorating factory activity. The release adds a fresh growth signal for Turkey as policymakers balance weak manufacturing conditions against InflationA broad rise in prices that reduces money’s purchasing power. Central banks watch inflation because it affects interest-rate decisions.Read More, energy costs and external financial pressures.
